We all know one of the best strategies for obtaining competitive motorcycle insurance is to shop around.
Over the past couple weeks I've been doing just that and I'm finding huge variations among brokers. In some cases as much as 150% difference in prices quoted. I find this very strange.
It's as though the criteria (or data points if you like) for calculating premiums is completely arbitrary among brokers and insurance agencies, perhaps explaining the wide variations in prices.
One would think an individual's specific circumstances (e.g. bike size/class, rider's years of experience, age, number of infractions -- or lack thereof, ...) would establish some level of pricing consistency. But clearly not, as I have discovered. Perhaps Ontario is an outlier in this regard. I don't know.
The bottom line: it really does pay to shop around.
Has anyone else experienced similar?
Sent from my [device_name] using GTAMotorcycle.com mobile app
Over the past couple weeks I've been doing just that and I'm finding huge variations among brokers. In some cases as much as 150% difference in prices quoted. I find this very strange.
It's as though the criteria (or data points if you like) for calculating premiums is completely arbitrary among brokers and insurance agencies, perhaps explaining the wide variations in prices.
One would think an individual's specific circumstances (e.g. bike size/class, rider's years of experience, age, number of infractions -- or lack thereof, ...) would establish some level of pricing consistency. But clearly not, as I have discovered. Perhaps Ontario is an outlier in this regard. I don't know.
The bottom line: it really does pay to shop around.
Has anyone else experienced similar?
Sent from my [device_name] using GTAMotorcycle.com mobile app